Employee Benefits

OCTOBER 17, 2023

Pension consulting and administration business XPS Pensions Group has been awarded menopause-friendly accreditation ahead of World Menopause Day (18 October). Ben Bramhall, co-chief executive officer at XPS Pensions Group, said: “We are delighted to have achieved accreditation as a menopause friendly employer.

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Employee Benefits

JANUARY 12, 2022

In addition, in March 2021 the organisation increased its rates of pay for carers by more than 11% as well as increasing its employer contributions to staff pensions by 33%. The overall level of investment by the organisation in both the profit-share payment and share allocation bonus is almost £300,000.

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Employee Benefits

MARCH 24, 2023

The Pension Protection Fund has published its disability and long-term health condition pay gap data for the first time, reporting a 2022 mean hourly pay gap of 11.07%. Meanwhile, the Pension Protection Fund’s 2022 mean gender bonus pay gap was 57.28%, down from 57.87% the prior year and 64.26% in 2017.

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Employee Benefits

MARCH 15, 2023

Spring Budget 2023: In his Budget address to the House of Commons today (15 March 2023), Chancellor of the Exchequer Jeremy Hunt addressed the issue of unpredictable pension tax charges causing employees to leave work, particularly within the NHS. ” He added: “The issue goes wider than doctors. .”

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Employee Benefits

APRIL 8, 2024

It also offers flexible payments, which allow Roadchef employees to choose exactly where, when and how they receive bonuses, rewards and expenses. They can choose to receive their payment instantly, send it to their savings account, or put it straight into their pension pot.

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Employee Benefits

AUGUST 23, 2023

Benefits offered by Precis Digital: Pension A group personal pension (GPP) scheme for all employees, with up to 8% matching contributions from the employer. Healthcare and wellbeing A £40 wellness allowance each month, which can be used towards items such as physical exercise, therapy apps and private medical insurance.

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Empuls

SEPTEMBER 28, 2023

What exactly are these bonuses, and how do they play a pivotal role in the lives of UK employees? In this blog you’ll learn about the intricacies of cost of living bonuses, understanding their significance, and uncovering the key factors that shape them. But before getting started let's uncover the basics.

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Employee Benefits

MARCH 27, 2024

Credit: Jeff Spicer/PA Wire Pension A group personal pension (GPP) plan for all employees, with varying contribution levels across roles and business areas. Healthcare and wellbeing Private medical insurance (PMI) scheme, employer paid for head office and field teams. Health cash plan through flexible benefits scheme.

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Employee Benefits

AUGUST 16, 2023

All 165 employees are also entitled to a £650 lump sum, worth an estimated 6.75% for those on standard salary, and a £500 minimum transition payment for visiting officers whose new basic pensionable pay will fall below the maximum commission scheme bonus they could have earned under the old scheme.

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Employee Benefits

JANUARY 25, 2023

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Age limits are 16 to state pension age. Age limits are 16 to state pension age. Those aged 22 and over are auto enrolled, but it is open to all employees. Two years paid at half salary at time of acceptance. 26 weeks deferred period.

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Employee Benefits

OCTOBER 24, 2023

Conducted by global talent services firm Morgan McKinley as part of its 2024 Salary guide , the survey found that the top five desired benefits respondents look for in a job are working from home, bonus, pension, health insurance and flexible working hours.

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Employee Benefits

JANUARY 26, 2024

The top 10 most-read articles on employeebenefits.co.uk between 19 – 25 January 2024 were: Lidl GB gives pay rise to 26,000 hourly-paid employees FCA manager loses full-time work from home claim Mitie, The Perfume Shop and NFU Mutual UK certified as UK top employers Lloyds Banking Group reports 5.7%

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Employee Benefits

JUNE 28, 2023

Benefits on offer at Fox Agency: Pension Salary sacrifice pension arrangement; employees are automatically enrolled after three months’ service. Employee contribution 5% and employer contribution 3%. Healthcare and wellbeing £25 monthly wellbeing allowance. Other benefits Annual profit share arrangement.

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Employee Benefits

JULY 24, 2023

At Cobry, we provide our staff with a range of perks and bonuses, including a profit-share programme, electric car and bikes-for-work subsidies, and enhanced sick pay and pension contributions. Our work involves frequent travel for our team to London and Dublin, and even to Amsterdam, Paris, and further afield.

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Employee Benefits

MARCH 5, 2024

Currys offers a total remuneration and benefits package that includes bonuses, 10% discount, pensions, flexible benefits, share plans, and health and wellbeing benefits. Its store-based workers will now earn an average of £12.33 per hour, while its top-performing employees can earn on £13.95 This investment represents a 9.5%

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Employee Benefits

APRIL 15, 2024

When looking at financial benefits of a potential new job, the protection and employee benefits provider found that 37% of respondents said financial bonuses are important to them, while 35% would like generous pension contributions.

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Employee Benefits

FEBRUARY 14, 2023

Growth in total pay , including bonuses, was 5.9% in the final quarter of 2022, while pay growth excluding bonuses was 6.7%, according to the latest labour market data from the Office of National Statistics (ONS). For pay excluding bonuses, this was the highest growth rate seen outside of the Covid-19 pandemic. on average.

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Employee Benefits

MARCH 17, 2023

The top 10 most-read articles on www.employeebenefits.co.uk

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Employee Benefits

DECEMBER 8, 2023

The top 10 most-read articles on employeebenefits.co.uk mean gender pay gap 80% of staff believe sick pay above statutory rate is important Christie’s reports 26.1%

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Employee Benefits

FEBRUARY 7, 2024

Dexters has more than 170 offices across London and with over 2,000 colleagues we are sure our local teams will love this cost-effective , healthy and environmentally friendly way to travel to work.”

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Employee Benefits

JUNE 29, 2023

In addition, airport employees can now increase their pension contributions to 4% and if they do so, their employer will contribute 8%. As of 1 April 2024, staff have the choice to increase their pension contributions to 6%, with the airport contributing 10%.

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Employee Benefits

JANUARY 4, 2022

The survey of 2,000 people by insurance provider Aviva also found that 17% of those who had already chosen to exit the workforce ahead of receiving their state pension had done so at the age of 60, making it the most common time to do so. State pension age in the UK is currently 66 for men and women and will rise to 67 later this decade.

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Employee Benefits

NOVEMBER 29, 2023

In total, the deal equates to a 13% increase that will be fully consolidated into pensions, overtime and future pay increases. The deal also fully converts a fixed-contract payment worth around 5% into basic salary going forward. It also includes a 15% retention bonus on release from the TAQA contract.

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Employee Benefits

FEBRUARY 22, 2024

Eurochange also offers its employees monthly bonus schemes, flexible hours, discounted travel money, a childcare voucher scheme, a contributory pension scheme and a discounts scheme. The post Eurochange rolls out employee wellbeing support appeared first on Employee Benefits.

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Employee Benefits

NOVEMBER 20, 2023

Employees are given the choice of which format they would prefer and more than 90% opt for a paper copy. The TRS outlines what employee benefits have been on offer for the past 12 months.

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Money Talk

AUGUST 10, 2022

a high demand for workers (sometimes coupled with increased pay, signing bonuses, and/or remote-work flexibility) 2. pension, Social Security, annuities, required minimum distributions) may necessitate adjustments in tax withholding or quarterly estimated tax payments. Factors contributing to this trend include: 1.

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Employee Benefits

SEPTEMBER 27, 2023

The benefits offered by Nominet: Pensions A group personal pension (GPP) scheme for all employees. Healthcare and wellbeing Private medical insurance (PMI) for all employees, employer funded. Employees can add dependents at personal cost. Health screening. Health cash plan for all employees.

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Employee Benefits

JULY 10, 2023

Benefits offered by Baker McKenzie include a gym and fitness subsidy, a bikes-for-work scheme, independent financial advice, a group personal pension plan, life assurance and income protection, dental insurance, employee assistance programme, private medical insurance, onsite GP, onsite physiotherapy and eye care.

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Employee Benefits

OCTOBER 31, 2023

Whilst a workplace pension provides a savings vehicle for retirement, many organisations want to put in place a tax efficient savings option for those looking to save in general and build financial resilience. Contributions can also be made from maturing SAYE schemes to help protect from capital gains tax and ensure tax free growth.

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Employee Benefits

JANUARY 17, 2023

Growth in average total pay, including bonuses and regular pay but excluding bonuses , from September to November 2022 was 6.4%, according to the latest Office for National Statistics (ONS) figures. This was the strongest growth rate seen since before the Covid-19 (Coronavirus) pandemic.

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Employee Benefits

MARCH 21, 2023

With average hourly bonuses added on, pay will rise to £11.39 In addition to pay and bonuses, Currys offers staff wellbeing support, including on demand support from Champion Health and access to more than 1,200 mental health first aiders, 10% off selected products in-store and online, and 20% off care and repair services.

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cipHR

NOVEMBER 15, 2021

For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L. HMRC stores a history of everyone’s National Insurance contributions (NICs), which builds up entitlement to a basic state pension, under their NI number (which is unique to them). Pension payments.

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Employee Benefits

JANUARY 26, 2024

Through this, it will match up to 4% of an employee’s salary through contributions to their 401(k) pension plan if they make student loan repayments. Chipotle has also introduced a student loan verification scheme, in conjunction with personal finance firm SoFi’s.

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Employee Benefits

JULY 24, 2023

Cartwright, the pension specialist for defined benefit and hybrid schemes, has given each of its employees a one-off cost-of-living payment of up to £2,000. It is in addition to their salary , profit share and other performance-related bonuses. It is in addition to their salary , profit share and other performance-related bonuses.

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Employee Benefits

JANUARY 12, 2024

Through the employer’s Employee TimeOut initiative, employees without an assignment from March to August 2024 can leave their role for between four and 12 weeks. This time away will be unpaid, but staff will receive a bonus worth 25% of their salary when they return. They will still be able to access their employee benefits while they are away.

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Employee Benefits

JANUARY 14, 2022

A changing pension landscape: what can employers expect in 2022? The Caravan and Motorhome Club plans full pensions communication schedule for 2022. The top 10 most-read stories on employeebenefits.co.uk between 7 January and 13 January 2022 were: UK Swissport staff receive above-inflation pay rise.

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Employee Benefits

FEBRUARY 15, 2023

The business has a transparent algorithm, with the real living wage as a base, then pulling in factors such as seniority, performance, care allowances and bonuses. Many providers of existing benefits, such as pensions , will have education modules to increase awareness of the financial provisions on offer.

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